Barclays to axe 100 investment banking jobs to cut costs

Pedro Gonçalves
Barclays to axe 100 investment banking jobs to cut costs

Barclays plans to cut about 100 senior jobs, mostly in trading roles, as the British lender seeks to save costs. The British lender will mostly cut managing director and director positions based in London and Asian financial hubs with a primary focus on trading roles, according to a Bloomberg report citing anonymous sources. The cuts are already underway and the report named the departures of Jonathan Kitei, Americas head of securitized product sales; Tim Johnston, EMEA head of cash high-touch...

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